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[quote]
Odds to me.

I understand how it works when the highest number is first, ie 3-1, 15-2.

But how does it work when the lowest number is first, I always thought it meant the return so 11-12 meant if you bet 11 you got 12 back. But now I see Aussie 2-9 favourites for the RLWC and I think that 9 pounds return for 2 pounds bet is way too much so I must have it wrong.

Can someone please explain it?
[quote]
3-1. Bet $1 get 3 back (3 divided by 1)

1-3. Bet $1 get back $1.33 (1 divided by 3)